BANK STORY, 21 DEC

 From a friend in SoCal: 12/20/24

Went to WFB while I had in hand (One Note) 500,000VND asking for them to exchange it for me……. 

Bank manager had HUGE SMILE on her face and flat out told me give it a few more days and get an appt to exchange it, you will be very-happy and if you have any Dinar bring that too….

 When you come back she confirmed that WFB is the lead bank and that they simply await treasury GO approval that is supposed to be coming in days.

IRAQ IS PREPARING TO THE INTERNATIONAL MARKET INTEGRATION & INCREASE THE VALUE OF THE IRAQI DINAR

 

The Central Bank Of Iraq Challenges The Dollar With New Currencies!, 21 DEC

 The Central Bank Of Iraq Challenges The Dollar With New Currencies!

 
December 19, 2024 Last updated: December 19, 2024   Independent/- In a new step that reflects its approach to strengthening Iraq’s role in the global economy, the  Central Bank of Iraq announced the expansion of external transfer channels for local banks to include new currencies.
 
According to the statement issued today, the Jordanian dinar and the Saudi riyal were added to the list of permitted currencies, in addition to allowing the use of the euro to finance trade with Türkiye after it was limited to European Union countries.

This step comes in addition to currencies previously used, such as the US dollar, UAE dirham, Chinese yuan, and Indian rupee.
 
The Central Bank stressed that this expansion aims to provide broader options for local banks and enable them to meet the needs of foreign trade at official transfer rates.
 
The objectives of the step and its economic consequences
 
According to the statement, this step aims to achieve streamlined financial transfers and the involvement of a larger number of Iraqi banks in external transfer operations.
 
It also seeks to enhance economic cooperation between Iraq and other countries, which contributes to diversifying economic and trade channels and strengthening relations with international partners.
 
The Central Bank explained that the smooth transition that took place during 2024 from using the electronic platform to approved correspondent banks contributed significantly to improving banking operations.
 
This move was widely praised as a fundamental shift in line with international standards.
 
Expanding the economic horizon
 
This announcement comes as the Central Bank seeks to expand the horizons of economic cooperation between  Iraq, neighboring countries and the world.
 
The addition of new currencies reflects a deep understanding of the market needs and Iraq's dealings with various countries.
 
These expansions would support Iraq's ability to
 
     enhance the role of its banking sector in international trade, and
     increase global confidence in the Iraqi banking system.

Towards a modern banking system
 
Thanks to this step, the Central Bank of Iraq continues its efforts to develop the local banking system in line with modern banking practices.
 
It is expected that these expansions will
 
     contribute to improving the efficiency of commercial operations  and
     reducing dependence on traditional currencies,
     enhancing Iraq's economic diversification.
 
Through these measures, the Central Bank of Iraq demonstrated its commitment to developing the financial system to meet local and international needs, thus contributing to enhancing the stability of the  Iraqi economy and achieving sustainable growth.     https://mustaqila.com/البنك-المركزي-العراقي-يتحدى-الدولار-ب/   

TIDBITS FROM FRANK26, 21 DEC

  Frank26 

It's important for you to understand Aki's banks are going to be following American International banking laws.  It's not like you can take your dinars and deposit it in these private banks that will represent the CBI.  No, because they have to follow American banking laws.

 The lower notes are high high priority for security.  Nobody sees them.  Nobody knows where they're at.  High, high priority.  IMO our military guards them...Those lower notes are in position just like everything else is for the monetary reform to finish.

 I will show you the thousands of places where Aki's type of bank will be.  Those are the CBI private banks where you can exchange the IQD for whatever currency you want.  If you're at a bank in Michigan it's converted to American dollars.  If you're in Australia it's converted to Australian currency and so forth and so forth...For everybody outside of Iraq it will be super easy because of all of these exchange centers they are setting up.

BROTHERS TECHNOLOGY: THE BANKS ARE READY TO GO!! , OIL REFORM IS COMPLETE AND GET READY!!#iraqidinar

 

Iraqi PM discuss regional challenges with Arab diplomats, 21 DEC

 Iraqi PM discuss regional challenges with Arab diplomats

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani held talks on Thursday with Arab ambassadors and diplomatic mission heads in Baghdad, outlining Iraq’s position on the region’s unfolding crises and developments.

The PM’s media office announced in a statement that Al-Sudani highlighted the “grave turning points” in the Middle East since October 7, describing the repercussions as unprecedented.

Addressing the Syrian crisis, the Prime Minister revealed that Iraq had been in dialogue with Arab leaders and international partners, presenting a working paper focused on respecting Syria’s sovereignty and the free will of its people. He also underscored the importance of Arab states supporting Syria’s sovereignty over its territories.

The proposal also emphasized “safeguarding the rights of minorities and the ethnic, religious, and social diversity that Syria enjoys.” 

Expressing concerns about the resurgence of ISIS elements in Syria, Al-Sudani raised alarms about the potential for repeating the attacks on minorities and ethnic groups by terrorist groups. “Attacks on Syria’s ethnic and religious diversity would have regional repercussions, especially in Iraq, given the presence of holy sites that could be targeted to incite discord and violence,” he warned.

The Iraqi Prime Minister reassured the gathering of Iraq’s readiness to confront such threats, affirming that “the remnants of the defeated ISIS do not pose a threat within Iraq.”

In the same context, Al-Sudani emphasized Iraq’s robust partnerships with Arab and allied nations, underpinned by extensive coordination efforts. “This has been reinforced by a plan implemented two years ago to fortify and secure Iraq’s borders with Syria, supported by a broad national consensus in favor of the government and its political program,” the statement concluded.